economy

Asia becomes the world's largest investor region

Asia has, for the first time, become the region which has invested more in other countries than the world’s most developed regional economic blocs.

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International Monetary Fund downgrades global growth forecast, despite cheaper oil

Despite a sharp decline in oil prices, the International Monetary Fund (IMF) in its latest economic outlook today lowered growth expectations for this year and the next for most countries due to slowdown in investment, and urged governments and central banks to pursue economic stimulation policies and structural reforms to boost growth.

UN reports potential for gradual return to global growth, foresees risks, uncertainties

Global economic growth is forecast to continue increasing over the next two years, the United Nations reported today, despite legacies from the financial crisis continuing to weigh on growth, and the emergence of new challenges, including geopolitical conflicts such as in Ukraine, and the Ebola outbreak in West Africa.

At UN conference, countries share green solutions for development challenges

Representatives from some 150 countries today gathered at the headquarters of the United Nations Environment Programme (UNEP) in Nairobi, Kenya, to tackle development challenges and discuss ways to harness environmentally-friendly solutions developed in the global South.

Global economy risks falling into renewed recession, warns UN report

World economic growth has weakened considerably during 2012 and is expected to remain subdued in the coming two years, says a new United Nations report, which calls for policy changes to spur growth and tackle the jobs crisis.

Guinea-Bissau development expert named head of UN Economic Commission for Africa

Secretary-General Ban Ki-moon today appointed Carlos Lopes of Guinea-Bissau as the new Executive Secretary of the United Nations Economic Commission for Africa (UNECA).

Despite global economic turmoil, foreign direct investment increased in 2011 – UN

In spite of the economic turmoil that shook countries last year, global foreign direct investment (FDI) rose by 17 per cent, according to a United Nations report released today, which predicts it will continue to increase this year but warns of the risks posed by the frail economic climate.

Global economy unlikely to improve significantly next year – UN

A United Nations report unveiled today paints a gloomy picture of the performance of the global economy next year, with growth projected to be a meagre 3.1 per cent, followed by 3.5 per cent in 2012 – rates that are insufficient to spur the recovery of the jobs that were lost during the economic crisis.

Morocco proposes high-level UN dialogue on African investment

To maximize Africa’s potential, the Prime Minister of Morocco today called for a high-level General Assembly dialogue on spurring investment in the continent, which is home to more than 900 million people and abounds in natural resources.

Flowers sent to Europe first export from Gaza in a year, UN says

A truckload of cut flowers made it out of Gaza today and into Israel en route to Europe for sale, the first exports from the violence-wracked territory in over a year, the United Nations said today.